Archives for MONEY MARKET - Page 121
IMF upgrades Nigeria’s economic growth forecast to 3.4%Â
The increase in global oil prices has caused the International Monetary Fund to review IMF logo Nigeria’s economic growth potential to per cent in 2022. The IMF disclosed this…
Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021
Nigerians traded at least in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the nation’s banking system. Last February, the CBN directed banks in…
Access Bank Introduces Online Account Opening Platform
By Ngozi Onyeakusi ---Nigeria’s largest lender in the SME space Access Bank plc has unveiled an online account opening platform for unregistered businesses. The online account opening platform…
Union Bank Emerges Winner at Middle East & Africa Innovation Awards
Leading financial institution, Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation…
Access Bank Transforms To Access Corporation From May
MD, Access Bank, Herbert Wigwe By Ngozi Onyeakusi--- Access Bank Plc is set to transform from core banking into a full financial services holding company come May 1st 2022. The Managing…
CBN orderes payment of N3.5bn rebate to exporters in RT200 programme
By Ngozi Onyeakusi--- The Central Bank of Nigeria (CBN) has asked for the immediate release of billion rebate to 150 exporters who participated in the Race To $200 billion initiative.…
STATISTICIAN GENERAL OF FEDERATION, SIMON HARRY, DIES EIGHT MONTHS AFTER APPOINTMENTÂ
The Board, management and staff of National Bureau of Statistics(NBS), has announced the passing on of the Statistician General of the Federation and Chief Executive Officer of NBS, Dr.…
FG, World Bank inaugurate project to tackle environmental challenges
The Federal Government, in collaboration with World Bank, has launched the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project, to address environmental challenges in Nigeria’s North. Alhaji Mohammed Abdullahi, Minister of…
E-payments rise by 45%, N55tn transferred in two monthsÂ
About was processed through Nigeria’s electronic channels in the first two months of 2022, according to data from the Nigeria Inter-Bank Settlement System portal. This is a per cent…
CBN warns against illegal financial institutionsÂ
By Ngozi Onyeakusi---The Central Bank of Nigeria has warned individuals to desist from dealing in illegal financial schemes or with illegal financial institutions that are not licensed or recognised by…
